Exxon Mobil - The Surprising Big Chart Picture

While viewing my energy portfolio this morning, I stopped and looked at the chart for Exxon Mobile (NYSE:XOM). I immediately noticed major resistance coming in at the $95 level. Can Exxon break through this major resistance level and take off to the upside?

If I measure from the resistance at $95 all the way down to the low in July of 2010, the difference is around $35. If I then add $35 to the breakout point, it takes us to my target zone of $130 per share for Exxon. Now remember, the market must move over the $95 level for this to happen.

Let's take a look at what we can see on the chart. Continue reading "Exxon Mobil - The Surprising Big Chart Picture"

Do You Understand How Divergences Work in the Market?

In my new short video, I share with you some divergences that are taking place in the S&P 500 right now.

I'm also going to show you divergences that didn't work out, what you should look for, and how you should act when a divergence does not work.

As always, our videos are available to view without charge and without registration. All we ask is that you give us your feedback on our blog.

If you enjoy these videos, share them with your friends. I am sure they will find them different and at the same time educational.

All the best,

Adam Hewison
President of INO.com
Co-creator of MarketClub.com

Putting Theory into Practice (2 Classic Teaching Videos)

First we show you the theory ...

Now see the theory put into practice

When you learn how the markets really work you will automatically benefit from this pattern in the future.

Adam Hewison
President, INO.com